History shows Bitcoin price may take 3-12 months to finally break $20K - page 2.

coin-investor

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Quote from: larus on August 30, 2020, 10:13:41 AM

No one knows will btc break 20k again in this run or not. We already stucked between 11-12k range and this getting dangerous for furhter growth

I don't see any danger that we will go down further the $11 k level we are ok even if we are moving slowly all I know is the market is doing good during this hard times and I have high hopes that next year Bitcoin will be doing great, even more, the year 2020 is a preparation for the best that is going to happen this year.

STT

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Sounds alot like my view, we are cycling here and once again back to lows we saw not long ago. The overall context is its the lows of an upper range so remains bullish but we approach the 50 day average and must confirm support I think first before we can rise properly.

Blue line is 50 day average, I'm not negative but I dont believe in fairy tales either. We have more work to do before larger numbers, I think thats the sensible view and it can take the rest of this year for sure.

Eugenar

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Bottomline is no history could tell when will the market be again at its peak because this market is naturally volatile. Many people in this industry are expecting for a comeback this year. Due to the sudden increase lately, many investors are expecting for a huge increase at the present. But as I have mentioned, no one really knows when will the market price increase and how high will it be every year. We have no choice but to hold and patiently wait rather to sell just because the market price stabilized at a certain point and that there is a tendency for a sudden downfall.

$crypto$

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Quote from: Gotumoot on September 01, 2020, 03:22:08 AM

Well it may or may not really break $20K but there is always hope for everything.
For me it doesn't really matter if it breaks $20K or not the important thing for me is that it wouldn't go below $8K again.
I would be happy as long as it would stay above the price and have a slow steady growth.

Bitcoin will stay at 11.5k or even more, but what I'm worried about is that when the price starts to get higher, the transaction fees are getting bigger, how about small traders, of course this will be very difficult especially with the Ethereum blockchain which can reach $ 5 more per transaction, maybe also because traffic on the network so the cost is more expensive.

It looks like this trend will take longer to see developments in the market continue to pick up and bitcoin for me is unlikely right now will fall to 8k, but it is likely that it will happen again in the future.

plr

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Your analysis could be right we are four after the halving and yet the price is in $11800 k level this is a good price compared to the first three months after the halving, we are doing great I'm satisfied on the movement as long as their is no huge price drop if your analysis turns out to be true then the first quarter of the year is the year when we will break the $20k level, I hope it will be earlier.

Kemarit

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I think this is a safe prediction, I mean if we didn't hit all time high for this year, then obviously, the next 12 months (2021) will be the target wherein we might be able to reach all-time-high and it will still align with the 4 year cycle which most bitcoin enthusiasts see on how the bitcoin market works, boom and bust, cyclical nature.

It's just a question on what numbers are we going to see next, others are saying as far as breaking six digits based on the S2F model.

Kelvinid

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That was short, it seems too possible seeing the market will recover that fast during this time and not even before.
We have reached $20k last 2017, we are now in 2020 (3 years pass already) but the situation is showing not enough to make that reached again.

The same with the others, you can't expect that the market will show the same as before. They are just history and a fewer chance that it happens again (and probably not)as every day will have changes that influence the market trend. Volatility makes it change and we not in control of the situation, therefore, we stop assuming that it happens again.

AakZaki

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Quote from: batang_bitcoin on August 30, 2020, 04:07:18 PM

~snip~
There's really a chance that it could up within a year to $20k while we're discussing it but, as usual, it could also be that low as it's volatile.

$ 20k in one year just might happen. many predict 2021 will be a good year for Bitcoin.
But getting to $ 20k will certainly be a lot of hurdles in hadaoi. It will not be possible for Bitcoin to rise so easily, there will definitely be a price correction made. It can even go back to the $ 3k price it was before. It's all because of the very high votalotas of bitcoin, as well as a lot of speculation made by whales for their own interests and profits.
We'll see how much bitcoin will go, we can only monitor and occasionally join in the market euphoria.

MCobian

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If you look at the current stable price of Bitcoin, I doubt that in 3-12 months it will reach a price of $ 20,000.
But more realistically, I think Bitcoin will hit a price of $ 15,000. Actually it doesn't matter how much Bitcoin
wants to rise, the most important thing is we must have large amounts of Bitcoin. Because it would be a waste,
if it turned out that Bitcoin was finally pumped, but we don't have a large amount of Bitcoin. so the best step
right now is to collect as much Bitcoin as possible, according to the abilities of each person.

jekanmasin

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The history also told us not to believed 100% at the history of bitcoin as the price is very volatile and can be easy to changed overnight. So there was no guarantee at all the history can be repeated but it also doesnt be impossible to be repeated. Its just to risky to trust blinded over the history.

Gotumoot

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Well it may or may not really break $20K but there is always hope for everything.
For me it doesn't really matter if it breaks $20K or not the important thing for me is that it wouldn't go below $8K again.
I would be happy as long as it would stay above the price and have a slow steady growth.

lenovop-70

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Quote from: Shasha80 on August 31, 2020, 05:34:16 PM

I'm sure no one will be able to ensure when the Bitcoin price reaches $ 20,000. So what we can do is keep trying to collect
Bitcoin from now on, so if one day Bitcoin reach the price of $ 20,000 we can get big profit. The most important thing right now
Bitcoin movement is already on the right track, and moving in a positive direction. With the stable price of Bitcoin at $ 11,000 is
a good sign, usually soon there will be a pump to the next resistance price.

I am agree with your opinion to keep collect bitcoin from now before it is too late, this year candle is almost look like 2017 candle pattern were bitcoin will pump significantly soon, but if it not pumpin' like 2017, it is never wrong like you said above to keep collecting bitcoins as usual, because I believe bitcoin will rise and lead.

kotajikikox

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Nope that is much long before we can take that position again,Once the Virus vaccine of Corona finally comes to real and the testing this
september succed then nothing will hinder the growth of the economy again so the effect will surely take
in crypto market.

Your report seems to be for assurance at least you won't fail since 14 months is too far and many big things may come along the way .

Quote from: crwth on August 31, 2020, 08:13:27 PM

It's all a paradox but it's within our grasp to do whatever needs to be done whether you should go long or go short on the price of Bitcoin. I think the biggest struggle that people experience is that they don't fully understand the risk when trading. They could be profitable this month but not on the other. Trades are probable but it's not guaranteed to happen. I do hope for Bitcoin to have another ATH.

it is u to us and all the investors what is the future of Bitcoin and i support you for that mate.

How can't this market grow if we will do all our part?demand and supply surely Bitcoin will Go mooning again because the health of the market is the basis
of investors when to enter putting money again.

crwth

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It's all a paradox but it's within our grasp to do whatever needs to be done whether you should go long or go short on the price of Bitcoin. I think the biggest struggle that people experience is that they don't fully understand the risk when trading. They could be profitable this month but not on the other. Trades are probable but it's not guaranteed to happen. I do hope for Bitcoin to have another ATH.

LogitechMouse

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Quote from: kryptqnick on August 30, 2020, 08:57:09 AM

~

If we will base on the past history of Bitcoin after its 2 halvings, it took at least a year before it goes up.

I agree with this that Bitcoin "MAY" or "MAY NOT" do what Bitcoin did after its past 2 halvings. Investors are now matured compare to that many years ago. People are more knowledgeable right now and the total marketcap of the crypto is way higher than it is many years ago.

Many factors are affected with this but if we will see the investors invest more money in the succeeding months then we might see a "history repeat itself" scenario. Bitcoin will not stabilize for me. Like you said Bitcoin's price is heavily influenced by news and the sentiments of the investors so if there is a big news then probably it will go up immediately and vice versa. Bitcoin reaching the $20,000 price will be a significant one for us but it will be long and bumpy road before it will happen where we will see many ups and downs and it will not be a huge parabolic rise like what happened 3 years ago.

TimeTeller

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Quote from: kerjakuat on August 31, 2020, 06:56:09 PM

That was just a prediction but still anything can be happen in the market. Just hoping the best not the bad but still the market can be crash if the whales keep on dumping bitcoin. Bitcoin only can be pump up if the whales keep on pumping the coin then we will see the bull trend is happening.

In this current situation of btc market, whales are not only the contributing factor in the market price movement.
As right now, there are various factors that play an important role in influencing the btc price.
Growing adoption is one, increasing number of merchants accepting btc, big companies integrating blockchain tech in their ecosystem and others.

kerjakuat

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That was just a prediction but still anything can be happen in the market. Just hoping the best not the bad but still the market can be crash if the whales keep on dumping bitcoin. Bitcoin only can be pump up if the whales keep on pumping the coin then we will see the bull trend is happening.

Shasha80

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I'm sure no one will be able to ensure when the Bitcoin price reaches $ 20,000. So what we can do is keep trying to collect
Bitcoin from now on, so if one day Bitcoin reach the price of $ 20,000 we can get big profit. The most important thing right now
Bitcoin movement is already on the right track, and moving in a positive direction. With the stable price of Bitcoin at $ 11,000 is
a good sign, usually soon there will be a pump to the next resistance price.

Vintry Dribbler 1975

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Bitcoin is struggling to break $12,000 and stay at that price for any length of time. There'd need to be some new players (a pod of Whales?) come into the Cryptosphere and take a fair chunk of the available coins off of the market with a strategy to HODL them for three to five years. If it were a sudden land grab, then that'd shock the market upwards, but if it was done softly-softly, then the market might not necessarily notice at first the availability drying up.

True, the price would go up (supply and demand) but not as much as a shock and awe plunder.

Botnake

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Quote from: Yamifoud on August 31, 2020, 05:01:44 PM

The question is when to start counting that 3-12months? I'm not sure it becomes measurable in a thing that we are in a volatile market and we probably know how often it changes unexpectedly.

That's a good question, normally investors starts counting when the market starts to be bullish and it seems according to my evaluation, the market is already bullish now as bitcoin reached a new high after two years, so this could be a good sign that it will stay bullish going forward, especially this year.

Topic: History shows Bitcoin price may take 3-12 months to finally break $20K - page 2. (Read 736 times)